Basketball Betting

Basketball is one of the most popular sports in the world and can reasonably be seen as second only to football. Compared to other sports, basketball is fairly new, having been invented as recently as 1891. Basketball truly has an international flare, as can be seen by its competitive nature during the Summer Olympic Games, as well as the amount of different countries represented by players in the NBA.

Count basketball as one of the top sports to bet on as well. There are literally billions of dollars bet on the NBA alone each season, and that’s not including some bigger basketball events like March Madness for NCAA basketball.

Basketball Betting
What is basketball betting?How to bet on basketballBasketball betting odds
What is basketball betting?

What is basketball betting?

Since basketball is such a new sport, we can assume that betting on the game came alongside its invention. There isn’t an exact date as to when people started betting on basketball, but the sport has been a staple at sports books all over the world. With the increase in legalization of sports betting in the United States, the popularity of betting on the NBA will only rise.

Today, March Madness is one of the premier American sporting events on the calendar, alongside the Triple Crown of horse racing, the World Series, and of course, the Super Bowl. The NBA hasn’t shied away from sports betting as other leagues have, and was one of the first to introduce corporate sponsors like DraftKings.

The NBA has come out and stated that it wants to partner with every sports book in the United States, so the league is definitely serious about embracing online sports betting.

What is basketball betting?
How to bet on basketball

How to bet on basketball

The beautiful thing about basketball betting is that there are so many things within the game that can be bet on! The basic bets on a basketball game are nearly the same as any other team sport matchup.

The Moneyline bet is a wager on which team will win the game outright. The point spread is a wager on how many points the favorite will win by, or alternatively, how many points the underdog will lose by. Player prop bets have become a popular betting market, particularly with the NBA.

Stats like blocks, rebounds, 3-pointers made, and triple doubles are all available to bet on at nearly any sports book. Other popular betting markets include futures bets for the NBA Championship, as well as team win totals and individual awards like the MVP or Rookie of the Year.

How to bet on basketball
Basketball betting odds

Basketball betting odds

The odds for the actual game are based on many things, but are also set by the actual betting market. Team record and performance are obviously keys in determining a favorite, while recent schedule and player injuries are also major parts in handicapping basketball odds. Big market teams like the Los Angeles Lakers or New York Knicks will always take money as they have large public followings.

Player prop bet odds can be based on the individual player matchup against the defender on the opposing team, as well as that player’s recent statistical performances. Game total odds are determined by how each team has performed recently, as well as things like team pace and team defensive strength. Finally, for futures markets, these can fluctuate based on how well a team or player is performing.

An injury can knock a player’s odds for the MVP way down, while a ten-game winning streak by a team can bump up the odds for it to win its division or even the championship.

Basketball betting odds